This transcript has been automatically generated and may not be 100% accurate.

... the start ... S A C Capital this is what's news I'm WS J lifetime Thailand Co ... the Securities and Exchange Commission filed civil charges against billionaire hedge fund manager Steven Cohen ... alleging that he adored red flags that should have alerted him to insider trading under his watch ... the FTC is also seeking to bar Mr. Cohen from overseeing investor funds ... a spokesman for S A C Capital says that the SEC's actions have no merit and that Mr. Cohen quote acted appropriately ... at all times and will fight this charge vigorously ... Apple is finding its way to fixing maps Apple buys local detail how a location airy location ERISA small Canadian startup based in Toronto ... back by extreme Venture Partners and lots of core ventures ... people familiar with the deal teller partners at AllThingsD that the acquisition includes location ERISA technology LTE ... using crowdsourcing and Federated in exchange platform ... will pitch their it collects and that the early ... days a massive database of local businesses and points of interest around the world ... Apple's acquisition of location area will deftly held the top ... Apple's can't mapping service which rolled out last year ... the governor of Michigan and the emergency manager of the city that right are defending the bankruptcy filing ... and reassuring nervous presidents that it will be business as usual ... this is the time to say enough is enough in terms of the downward decline of Detroit ... the seven hundred thousand people to try to preserve the battery answer ... while the city's financial situation raises concerns many in the Detroit auto makers say this can be a good thing for the city ... long crippled by debt which now tops eighteen billion dollars ... bookie keep us anomaly this is about instructed and what's his aunt the beest live I'm Joann Co ...